Question

Explain the following terms poverty absolute poverty relative poverty poverty line International poverty line social exclusion vulnerability comic growth

Answer 1

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). ...

Relative poverty – A condition where household income is a certain percentage below median incomes.

Poverty line is the level of income to meet the minimum living conditions. Poverty line is the amount of money needed for a person to meet his basic needs. It is defined as the money value of the goods and services needed to provide basic welfare to an individual.

The concept of social exclusion states that poor people have to live in poor surroundings excluded from neighborhoods of people who are better off. ... Vulnerability is the measure of the probability of certain groups of people becoming poor or remaining poor in future.

Answer 2

• Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). This condition makes it possible to compare between different countries and also over time.
• Relative poverty – A condition where household income is a certain percentage below median incomes. For example, the threshold for relative poverty could be set at 50% of median incomes (or 60%)
• Poverty - Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money.
• Poverty line - The poverty threshold, poverty limit, poverty line or breadline, is the minimum level of income deemed adequate in a particular country.Poverty line is usually calculated by finding the total cost of all the essential resources that an average human adult consumes in one year.
• Social exclusion - exclusion from the prevailing social system and its rights and privileges, typically as a result of poverty or the fact of belonging to a minority social group.
• Vulnerability - Vulnerability in this context can be defined as the diminished capacity of an individual or group to anticipate, cope with, resist and recover from the impact of a natural or man-made hazard. The concept is relative and dynamic.
• Company growth - A growth company is any company whose business generates significant positive cash flows or earnings, which increase at significantly faster rates than the overall economy. A growth company tends to have very profitable reinvestment opportunities for its own retained earnings. Thus, it typically pays little to no dividends to stockholders opting instead to put most or all of its profits back into its expanding busin.